Trading news

Australia's and New Zealand's dollars trade lower

Australia's and New Zealand's dollars traded lower versus their U.S. counterparts, today, amid the latest release of China's trade data, and the FED's latest meeting minutes having confirmed for a probable rate hike soon.

Australia's dollar lower to the U.S. dollar

The AUD/USD currency pair reached its weakest level, since September, to 0.7534, declining 0.34%.

China's trade surplus, earlier today, narrowed from the previous month's $52.05 billion to $41.99 billion for the month of September, thus not matching the analysts' estimations for a figure of $53.00 billion.

Furthermore, the Chinese nation's exports declined in September by10.0% and were much lower compared to the predictions for a 3.0% drop. Imports also fell by 1.9% and failed to meet the expectations for an increase of 1.0%.

The NZD/USD traded, after having approached the 0.7037 level, at the 0.7056 zone, 0.10% lower. Moreover, the U.S. dollar index stabilized at 97.93.

Read More

Thursday, 13 Oct, 2016 / 11:19

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/australia-s-and-new-zealand-s-dollars-trade-lower

Trading news

 

Dollar firms, stocks slip amid US stimulus doubts

  Talks on US stimulus package continue but deal in doubt after [...]

Posted on Thursday, 22 Oct, 2020 / 9:34 under

Up to the US Elections Results

The US economy has recovered modestly in the third quarter thanks to [...]

Posted on Thursday, 22 Oct, 2020 / 9:18 under

OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020

WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]

Posted on Thursday, 22 Oct, 2020 / 7:55 under